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weather iconMainly cloudy and rather gloomy at times, but also some fair or sunny intervals. Cloud thickening this evening, brining mist, patches of fog on high ground and a little drizzle at times.
High19°CLow16°C
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Financial Services Ombudsman: New Funding Structure

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Committee for Economic Development - P.2019/85

The States are asked to decide:-

Whether, after consideration of the Policy Letter, entitled "Financial Services Ombudsman: New Funding Structure", dated 16th August, 2019, of the Committee for Economic Development, they are of the opinion:-

1. To amend the Financial Services Ombudsman (Bailiwick of Guernsey) Law, 2014 and The Financial Services Ombudsman (Case Fee and Levies (Bailiwick of Guernsey) Order 2015, specifically to provide that the same annual levy can be applied to similar financial services providers in the Bailiwicks of Guernsey and Jersey.

2. To amend Schedule 2 of the Financial Services Ombudsman (Bailiwick of Guernsey) Law, 2014 to allow for the amalgamation of the finances of the Offices of Financial Services Ombudsman in Jersey and Guernsey.

The above Propositions have been submitted to Her Majesty's Procureur for advice on any legal or constitutional implications in accordance with Rule 4(1) of the Rules of Procedure of the States of Deliberation and their Committees.

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Financial Services Ombudsman New Funding Structure

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